governor, Sule Lamido have been arrested by
the Economic and Financial Crimes Commission (EFCC)
over an alleged N10 billion fraud.
The pair are currently being interrogated by the
commission at the EFCC headquarters after they were
arrested on Thursday in Kano by a crack team of
detectives and flown to Abuja on Friday morning.
From the reports given by insiders, the arrest of the
governor's sons was in connection with an investigation
that began in December 2012 when Aminu Sule Lamido
was arrested at the Mallam Aminu Kano Airport en
route Cairo, Egypt over his failure to declare he had
$50,000 on him.
Although Aminu has since been prosecuted and convicted
by a Federal High Court in Kano, investigation as to how
he came by the money has led investigations to uncover a
web of money laundering in which billions of naira from
Jigawa state government accounts are funnelled into the
accounts of companies run by the Jigawa state governor
and his two sons.
Over N10billion is said to have been transferred from
Jigawa state government accounts into the accounts in
which Sule Lamido and his two sons have interest from
2007 till date.
The Commission is said to have traced these transfers to
10 companies where Lamido and sons are directors and
signatories to the account.
The companies include Bamaina Alluminium Limited,
Bamaina Holdings Limited, Bamaina Company Nigeria
Limited, Rawda Integrated Services Limited, Speeds
International Limited and Saby Integrated Nigeria Limited.
The account of these companies received huge cash inflow
between 2007 and 2013, a period that coincide with the
tenure of Sule Lamido as governor of Jigawa state. For
instance in Bamaina Aluminium where Sule Lamido and
his two sons are directors, investigations revealed that the
company's account controlled by Mustapha as signatory
received total credit of N1.52billion between January 2010
and August 2013. It recorded a total debit of the same
amount, with Mustapha and other companies in which
Lamido and his sons are directors, being the beneficiaries.
In the same vein, Bamaina Holdings Limited's account
with the governor as sole signatory received a total of
N1.19billion between February 2007 and July 2013. About
N1billion was paid from this account into accounts of
companies controlled by the governor and his sons.
Massive lodgements were also discovered in the account
of Bamaina Company Nigeria limited controlled by
Mustapha as sole signatory from Bamaina Alluminium.
Between January 2010 and July 2013, the account
received over N500million.
From the account of Rawda Integrated Services Limited
controlled by Mustapha, there have also been massive
movement of funds to another company run by Sule
Lamido, Speeds International Limited. Speeds' account
recorded a turnover ofN2.2billion between January 2007
and February 2010.
In the account of Rawda with a new generation bank
investigators discovered the movement of N2.6billion to
an unknown signatory.
That account recorded over one hundred withdrawals
running to over N600milion in cash between November
2007 and April 2008
Saby Integrated Services Nigeria Limited, another
company owned by Lamido received over N730million
from several Jigawa State government agencies between
June 2010 and August 2010.
Via: Premium Times
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